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TL;DR

A new law requires all company directors to prove who they are. This stops criminals from hiding behind fake companies. If you don't verify, your company can't file important paperwork.

Why Directors Must Verify

The Problem

For years, anyone could become a director of a UK company without proving who they were. This caused problems:

Criminals set up fake companies to launder money
People used stolen identities to become directors
Fraudsters hid behind companies to avoid being caught
It was hard to know who really controlled a company

The Solution

Identity Verification

Now, everyone who runs a company must prove who they are. Just like showing ID to open a bank account, directors must verify their identity through an approved service.

This makes it much harder for criminals to:

  • Use fake or stolen identities
  • Set up companies for fraud
  • Hide their real identity from authorities
  • Avoid responsibility for illegal activities

The Law

Economic Crime and Corporate Transparency Act 2023

This new law gave Companies House more power to check who runs UK companies. The main changes:

1

All directors must verify

Not optional – it's a legal requirement

2

Companies House can check

They can investigate if something looks wrong

3

Filings can be rejected

Without verified ID, Companies House won't accept your paperwork

What Happens If You Don't Verify?

Consequences of Not Verifying

Your company can't file

Companies House will reject your Confirmation Statement and other filings

Late filing penalties

If you can't file on time because you haven't verified, you could face fines

Company struck off

If you don't file for too long, your company could be removed from the register

Can't act as a director

You may be prevented from being a director of any company

Benefits of Verifying

Peace of mind

Know your company is compliant with the law

File with ease

Your paperwork will be accepted by Companies House

No annual renewal

Verify once — you use the same code each time

Quick and easy

Digital verification takes just 5-10 minutes

Ready to Verify?

It only takes 5-10 minutes. Get it done today and never worry about it again.

TaxStats Assistant

TaxStats Ltd · Companies House ACSP

Hi! 👋 I'm here to help with any questions about identity verification for UK company directors and PSCs. What would you like to know?

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